Allete Inc reported a drop in earnings for the second quarter, with a bottom line of $31.9 million or $0.55 per share, compared to $33.0 million or $0.57 per share last year. Despite the decrease in earnings, the company saw a 1.6% increase in revenue to $360.3 million from $354.5 million in the same period last year. These figures were based on GAAP standards.

Read more at Nasdaq: Allete Inc Reveals Fall In Q2 Income